This morning I saw a blog post on the CodeJam blog about a new update to MemoriesOnTV, but the big item in the post was that they were bringing back MemoriesOnWeb, a freeware slideshow creator application.
The application uses the same engine as MemoriesOnTV so you have lots of features and control. In the slideshow you can mix multiple audio tracks and sync up your photos to the audio. And with the pan/zoom effects on pictures you can give movement to still photos.
They do have some tips on their site for running it, which lists some codecs you should have for best user experience. And the projects created in this and MemoriesOnTV are compatible and can be loaded in each. Check out some screens after the jump.
Click each of these for larger versions.